Starbucks CEO Howard Schultz has ordered a grande Greenwich Village apartment, paying more than $40 million for a condo at the new Greenwich Lane complex, The Real Deal reports.

The 5,587-square-foot duplex is spread over the 16th and 17th floors of the building on West 11th Street. It boasts a whopping 1,600 square feet of terrace space (that’s as big as most three-bedroom apartments in Manhattan).

Greenwich Lane is a development on the site of the former St. Vincent’s Hospital. It will include five buildings and five townhouses. More than 95% of the development has reportedly been sold or placed under contract.

Set to step down in April from his perch atop the coffee kingdom, Schultz was able to trim $5 million off the $45 million asking price for the condo. Even so, he paid a scalding $7,159 per square foot, which is among the highest prices paid per square foot for any Greenwich Village property.

Is the pricey property just a pied-à-terre for the Brooklyn-born billionaire? The Seattle Times says, “Howard is not moving to New York.”

Regardless of how much time he plans to spend in his new digs, it won’t be far from a caffeine fix. A Starbucks locator found 15 of the ubiquitous coffee shops within a few blocks of his new condo.